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securealert inc (SCRA) Details

SecureAlert, Inc., together with its subsidiaries, markets and deploys offender management programs, combining patented global positioning system tracking technologies, intervention-based monitoring capabilities, and case management services. The company’s technologies provide location tracking of designated individuals within the criminal justice system to federal, state, and local agencies. Its software and device firmware support the accommodation of agency-established monitoring protocols, victim protection imperatives, geographic boundaries, work environments, school attendance, rehabilitation programs, and sanctioned home restrictions. The company primarily markets, monitors, and leases ReliAlert, Shadow, R.A.D.A.R devices, which are used to monitor convicted offenders that are on probation or parole in the criminal justice system or pretrial defendants. In addition, it provides hardware products and monitoring services. The company sells its products primarily in the United States, Latin American countries, the Caribbean countries and Commonwealths, and other foreign countries. The company was formerly known as RemoteMDx, Inc. and changed its name to SecureAlert, Inc. in February 2010. SecureAlert, Inc. is headquartered in Salt Lake City, Utah.

securealert inc (SCRA) Top Compensated Officers

securealert inc (SCRA) Key Developments

SecureAlert, Inc. Announces Earnings Results for the Second Quarter Ended March 31, 2014

May 15 14

SecureAlert Inc. announced earnings results for the second quarter ended March 31, 2014. For the quarter, the company reported net loss from continuing operations totaling $1,292,119 compared to a net loss of $1,638,785 for the three months ended March 31, 2013, a decrease of $346,666. This decrease is a result of other income and an offset to expenses recognized from a settlement agreement and licensing arrangement offset by a reduction of gross profit generated from monitoring services in connection with an international customer. The operating results reflect the company's ongoing investment and expansion of its technologies and international footprint, which are fueling its momentum toward full recovery and positioning as an emerging industry leader.

SecureAlert Inc. announced that its enhanced ReliAlert GPS electronic offender tracking device, the ReliAlert XC3, has received FCC certification, opening the way for final deployment preparations and delivery to the US marketplace beginning in July 2014. The new ReliAlert XC3 device incorporates several developments and new features to maximize the effectiveness of electronic offender monitoring programs. The ReliAlert XC3's GSM 3G capability gives electronic offender monitoring programs the benefit of improved cellular range and clarity via the nation's expanding GSM 3G networks. Under many conditions, GSM 3G can also give customers better communication connections from inside cars, buildings and other structures. The ReliAlert XC3 has increased battery operating times of 60 hours or more under normal operating conditions. A new case tamper alarm immediately sends notification if wearers try to breach or dismantle the device. A larger GPS antenna acquires GPS signals faster and with better accuracy, including when a device has moved out of signal range. Higher-quality voice capabilities, with little or no background distortion, ensure clearer communications between the device wearer and monitoring center operators or supervising officers when using the ReliAlert's unique single-piece device live voice feature. This technology helps enforce supervision terms within appropriate and legalparameters. The new ReliAlert XC3 device also integrates with SecureAlert's recently-released ReliAlert Beacon transmitter. The Beacon is a battery-operated, short-range transmitting unit that provides a continuous Radio Frequency signal and automatically communicates with the ReliAlert device when the wearer comes within range. Once within range, the ReliAlert device receives RF signals from the Beacon and communicates data to SecureAlert's TrackerPAL monitoring software. When combined, the new ReliAlert and Beacon give agencies house arrest functionality in conjunction with GPS, resulting in more precisely-managed offender movement. In parallel with the ReliAlert XC3 launch, SecureAlert will offer tier one 3G cellular connectivity via the company's new Mobile Virtual Network Operator. The partnership empowers SecureAlert's U.S. customers with substantially wider and more reliable coverage for the implementation of their around-the-clock, often geographically disperse electronic monitoring programs.

SecureAlert, Inc Announces Management Changes

Apr 24 14

On April 21, 2014, SecureAlert Inc. announced that Chad D. Olsen, the company’s Chief Financial Officer, has submitted his resignation to the company to pursue other interests and opportunities. Mr. Olsen has indicated that he has no disagreements with management. In order to facilitate an orderly transition, his resignation will be effective May 2, 2014. Until that date Mr. Olsen will assist with the transition to his successor. The company announced the appointment of John R. Merrill as Chief Financial Officer effective April 24, 2014. Mr. Merrill will assume responsibilities for all financial reporting, compliance, regulatory and treasury functions for the company. He will also serve as the Principal Accounting Officer and treasurer for the company. In addition to joining the company, Mr. Merrill is also the Chief Financial Officer for TenXNetworks and IPVidTech.com. From 2010 to 2013, Mr. Merrill worked as an advisor in the healthcare technology industry facilitating both due diligence and integration of certain acquired companies.

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